Stanley Druckenmiller is one of the greats, but he’s had his troubles in tech. Nonetheless, per his 3Q15 13F he’s back in the space, big time.
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He doubled his Facebook (FB) position, which is now 30% of his family office fund’s portfolio. Meanwhile, he took a new stake in Amazon (AMZN) – sixth largest holding. Other notable moves includes dumping 29% of his Wells Fargo (WFC) position, adding 81% to his JD.com position (JD), adding 138% to his C-trip (CTRP) position – as well as a few small new position, including Under Armour (UA), Expedia (EXPE), Carnival Cruise (CCL), Priceline (PCLN), Royal Caribbean (RCL) and PayPal (PYPL).
Notable sells – sold off all his Haliburton (HAL) was 5th largest position, sold all Freeport (FCX) was 6th) and all Citigroup (C) was 8th. Also sold all of Dow Chemcial and Alcoa.
Stan Druck DUQUESNE shows the new $AMZN pos. 6h largest holding; more than doubles $FB pos. now makes up 30% portfolio
— Activist Stocks (@activiststocks) November 13, 2015